Naturally, there are those follow-the-crowd cautious dealers still holding on to the believe that when Wall Street sneezes, the world catch a cold. It may not be limited to the lower level. The higher executives too have the tendency to fear being proven wrong and is risk averse to express their own gut feel.

However, who would be macho enough to put money where their mouth is? Analysts could only talk cock, but when Wall Street fell by more than 1,000 again last night and Australia caught cold this morning, would dare they put their money where their mouth is?

Expecting a nervous Friday and nervous weekend.

A quote Hugh Bonneville: "When you are in the eye of the storm, you are often not aware of the whiplash around you."

An interesting development is to allow for licensed market maker. Just like VAT is called GST in Malaysia, typically Malaysians call it differently as Trading Specialist. This is long overdue but encouraging development to boost liquidity and trade in the market.

Coupled with short-selling, it saved retail investors from getting whacked and deceived by big players, who in the past are protected by the establishment.

Mahathir has not responded to these announcements that is going contrary to his past policies. Perhaps, still sore from being taken back his Datokship from Kelantan, thus pursuing ECRL with his jual negara political narratives. Old school thinking not in tune with the time.

All the rosy pictures in the medium and long term will need to deal with the present risk of a turn in sentiment. The sell-off on Wall Street deepens and it is off by 10% of their high.